It's tax season! Can investing ₹1.5 Lakh in ELSS really save you ₹30,000 on taxes? Let's uncover how it works & if there's more to it!
Equity-Linked Savings Schemes (ELSS) are mutual funds primarily investing in stocks. They offer tax benefits under Section 80C, allowing up to ₹1.5 lakh deduction.
₹1.5 lakh ELSS can save ₹30K (for 20% tax bracket) or ₹45K (for 30% bracket) plus cess! Your actual saving depends on your income tax bracket.
Don't just see ELSS as a tax tool. It's a powerful wealth-creation instrument! Invests in equities, aiming for inflation-beating returns & long-term growth.
The 3-year lock-in isn't a nuisance, it's a blessing! It forces discipline, prevents panic selling during market dips, and allows your investments time to grow.
Look for consistency, experienced fund managers, reasonable expense ratios, & a reputable fund house. Invest via SIP for rupee-cost averaging and stress-free planning!
Ready to make your money work harder? Use our SIP & Goal Calculators to plan your ELSS investments strategically for long-term wealth creation. Visit sipplancalculator.in!